About This Home
This 3-bedroom, 1-bathroom single family at 7200 Edgeton Street in Detroit, MI is listed for $115,000 ($121 per sqft). Built in 1962, the home offers 950 sqft of living space on a 0.10 acres lot.
Key Features
- Built in 1962
- 0.10 acre lot
Property Details
This renovated 3-bedroom, 1-bath ranch is currently tenant occupied under an active lease of $1,300 per month ($15,600 annually), offering investors an excellent opportunity to acquire an occupied rental property with long-term upside. Acquired in 2023 and extensively renovated prior to tenant occupancy, the home features updated flooring, fresh pa
int, an updated kitchen with modern cabinetry and countertops, a renovated bathroom, and numerous interior improvements throughout. The current tenant is in collections for prior rent obligations, with ownership actively pursuing collection efforts while maintaining the existing tenancy.
Photos shown were taken prior to the current tenant's occupancy. Tenant occupied-please do not approach or disturb the tenant. Showings are reserved for parties with an accepted offer only. This property is one of 20 investment properties offered individually or as part of a portfolio acquisition.
Sellers are willing to complete the portfolio transaction through an entity sale, providing a streamlined acquisition process and potential tax and operational advantages. Buyers are encouraged to consult with their legal and tax advisors regarding the benefits of an entity acquisition. Buyer and Buyer's Agent to verify all information.
Monthly Cost Estimate
$615/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7200 Edgeton Street
Detroit, MI 48212
Harrahs North Detroit
Property Details
Construction
Heating
Questions & Answers
This 3-bedroom, 1-bathroom single family at 7200 Edgeton Street is listed at $115,000 ($121/sqft). The estimated monthly payment is $616 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1962, 0.10 acre lot.
This property is listed by Jay Naim and can be reached at 3135716581.







